Trust Digital Expands Its Strategic Mobile Carrier Initiative

McLean, Virginia — November 4, 2005 - Trust Digital, a leading provider of enterprise mobile security software solutions, today announced that it has closed on a total of $9 million Series B funding led by new investor, BCE Capital (affiliated with Bell Canada Enterprises, Canada's largest communications company). Current investors Core Capital and Avansis Ventures participated in the Series B funding round. This investment comes directly on the heels of several key carrier and enterprise wins.

"The worldwide adoption of Smartphones has required carriers and enterprises alike to re-think their mobile security strategies. We feel that Trust Digital's offering is the de facto standard in this respect, providing a true policy management platform for Mobile Edge™ security across multiple delivery channels and markets." said Joe Catalfamo, Managing Director, BCE Capital. "We look forward to working with Trust Digital's top quality management team and fueling their momentum as they capitalize on this great market opportunity."

Trust Digital also announced a significant expansion of its successful mobile carrier initiative, leveraging its market leadership position to enlist the most innovative mobile carriers to become key suppliers of security to the mobile enterprise. As such, Trust Digital recently won a contract to provide enterprise security on all mobile devices for one of the largest U.S. wireless carrier's internal operations.

"Trust Digital's product family is capturing significant enterprise and carrier interest. As a result of this significant event and others underway, our mobile security market momentum continues," said Nick Magliato, CEO, Trust Digital. "This investment helps validate our approach and accelerate our go to market strategy in support of enterprise customers, carriers, end-point security partners, and security consulting firms."

Core Capital Managing Director Pascal Luck added, "Trust Digital serves a clear emerging market need for enterprise mobile security. By bringing security policy management directly to the mobile device market, the company has successfully taken mobile security to the next level. We have been impressed with the way in which customers and industry experts alike have supported the Company's vision and execution."

About Trust Digital

Trust Digital is the leading provider of mobile security software, securing enterprise data that resides at the edge of the network where Smartphones and mobile devices have access to corporate information. By implementing Trust Digital's policy-based software solution, corporations eliminate the regulatory and financial risks associated with the accidental or malicious disclosure of data. Trust Digital's customer base includes Government organizations, as well as leading Financial Services and Healthcare companies. Trust Digital, in tandem with its worldwide network of partners, is committed to innovative product development and world-class customer support. For more information, please visit our website, www.trustdigital.com.

About BCE Capital

BCE Capital is a leading Canadian venture capital firm. Founded in 1987, the firm has built a track record of investing in and developing some of the most successful emerging growth communications and information technology companies in North America. BCE Capital has backed over 40 management teams, and has seen several of them through IPOs and acquisitions. Currently, the firm is investing in Fund IV, a US$200 million fund focusing on early-stage communications and IT companies.

BCE Capital is affiliated with Bell Canada Enterprises (BCE), Canada's largest communications company. Through its main subsidiary Bell Canada, BCE provides local telephone, long distance, wireless communications, Internet access, data, satellite television and other services to residential and business customers through some 27 million customer connections. For more information, visit www.bcecapital.com.

About Core Capital

Core Capital is a $350 million private equity fund that provides capital to both early-stage technology ventures and small to mid-sized growth companies where technology is a driver of change in the business or sector. The common thread is that these companies are developing or incorporating disruptive technologies into their businesses. We focus principally on the kinds of "core" or fundamental technologies that enable or enhance information, data and communication. We are headquartered in Washington, D.C. and most of our investments are made on the East Coast. For more information, visit www.core-capital.com.

Press Contact:

Christopher Parente, Strategic Communications Group
cparente@gotostrategic.com
301.408.4500 (office)